Trius Announces Corporate Updates
TRIUS INVESTMENTS INC.
TRIUS ANNOUNCES CORPORATE UPDATES
Fredericton, New Brunswick – March 10, 2020 – Trius Investments Inc. (TSXV:TRU.H) (“Trius”) is pleased
to announce the following updates.
Board of Directors
Effective March 9, 2020, Trius has appointed Peter Van Dijken to its Board of Directors (the “Board”),
subject to regulatory approval by the TSX Venture Exchange (“TSXV”).
Mr. Van Dijken is currently the President of Green Boy Group, a Los Angeles -based company that
specializes in the supp ly of non-GMO and organic food ingredients to distributors and food
manufacturers in the US and Canada. He is al so the owner o f Green Boy Products , which sells plant -
based protein powders directly to consumers online and locally via retail in California. As such, Mr. Van
Dijken has extensive knowledge on food trends in the nutritional, health and wellness space. He
previously practiced as an attorney at law in Amsterdam, the Netherlands , for four years , before
pursuing his current career as an entrepreneur in the food industry in the US. Mr. Van Dijken studied at
Columbia Law School and Amsterdam Law School and holds a Bachelor of Law and two Master of Law
degrees (cum laude).
Trius also announces that Yousuf Soliman has simultaneously resigned from the Bo ard, in order to
devote additional time to his primary business interests.
Joel Freudman, President and CEO of Trius, commented: “We are pleased to add Peter Van Dijken to our
Board, and believe he can help Trius source and evaluate potential investments and transactions in the
healthcare and wellness industry across North America . At the same time, we have been ex tremely
fortunate to have had Yousuf Soliman on our B oard for nearly two years, during which time he has
contributed valuable input on financial analysis and corporate governance. We wish Yousuf all the best
with his main business projects.”
Management Services Agreement
Trius has entered into a management ser vices agreement dated March 9, 2020 (the “MSA”) with
Resurgent Capital Corp. (the “Manager”) for executive management and venture capital markets
advisory services. In substitution for paying salary directly to Trius’ President and CEO, u nder the MSA
Trius will pay the Manager $7,500 monthly. In addition, if Trius successfully completes a corporate M&A
transaction with an arm ’s length counterparty , the Manager will, subject to any applicable regulatory
approvals, earn a one -time performance bonus , payable entirely in Trius shares, having an aggregate
value of 5% of Trius’ deemed valuation for purposes of such transaction.
The Manager is the largest shareholder of Trius. In addition, the Manager’s investment decisions are
controlled by its President, Joel Freudman, who also serves as President and CEO and a Director of Trius.
As such, the MSA constitutes a non -arm’s-length contract, and so in accordance with Trius’ Code of
Business Conduct, the MSA was reviewed and approved by an ad hoc committee comprised of the two
independent directors of Trius.
About Trius Investments Inc.
Trius is an investment issuer searching for new business opportunities and/or investments, with a focus
on established, revenue-generating businesses. Trius’ common shares trade on the NEX Board of the TSX
Venture Exchange under the symbol “TRU.H”.
Trius is a portfolio compa ny of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing
venture capital markets advisory services and proprietary financing. Resurgent works exclusively with
high-potential public and pre-public micro-capitalization Canadian companies.
For further information, please contact:
Joel Freudman
President & Chief Executive Officer
Trius Investments Inc.
Phone: (647) 880-6414
Cautionary Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polic ies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains “forward-looking information” within t he meaning of appli cable Canadian
securities laws. Generally, forward -looking informati on can b e identified by the use of words and
phrases such as “plans”, “expects” “schedules”, “estimates”, “ intends”, “anticipates”, or “believes”, or
variations of such words and p hrases indicating that certain actions, events or results “may”, “could”,
“would”, “might” or “will” be taken or occur. Forward -looking information in this press release includes
statements regarding the appointment of a new director, Trius’ strategic plans, potential transactions
and transaction criteria, and MSA compensation relating to a potential transaction. This forward-looking
information consists of disclosure regarding possible ev ents, condit ions or results and is based on
numerous assumptions that Trius ’ management believes to be reasonable in the circumstances ,
including that Trius will be able to successfully execute its business plan and proposed transactions or
investments, and that all necessary regulatory approvals will be obtained.
The forward-looking information in this press release is sub ject to a number of ris ks and uncertainties
that may cause Trius’ actual results or performance to differ materially from those expressed or implied
by such forward-looking information, including but not limited to: challenges in sourcing and executi ng
transactions, on favourable terms or at all; volatility in financial markets and economic conditions; TSXV
regulatory approval processes ; and other risks described in Trius’ continuous disclosur e documents.
There can be no assurances that the forward -looking information in this press release will prove to be
accurate, as act ual results and future events may differ materially from those anticipated by such
information. Accordingly, investors shoul d not place un due reliance on such forward -looking
information. Trius does not undertake to update any forward -looking information in this press release,
except as may be required by applicable securities laws.